The Bank of Ceylon (BoC) is a bank in Sri Lanka which was established in 1995, in Chennai. The bank is a leading bank that provides great customer services and updates financial products. The Bank of Ceylon offers a wide range of financial products to people or corporate organisations. It offers the highest interest rates on deposits with 100% safety. It is a leading commercial bank in Sri Lanka under the ownership of the Govt. of Sri Lanka. The bank has consistently held a pre-eminent position, attached with a high degree of priority to tackle new challenges emerging in the banking sphere. It provides great services to its customers, including money transfers. And if you wish to know more about BoC International Money Transfer, continue reading.
Why Choose BoC International Money Transfer?
The following are the top reason to choose BoC International Money Transfer:
- It provides a secure and safeguard way to transfer your money
- It requires identity verification while transferring some currencies and for large amounts, this authentication is required to keep your money safe
- The bank is well-connected to 867 correspondents worldwide and has three overseas branches
Facilities of BoC
The following are the features of BoC:
BoC Smart Remit
It allows a real-time secured and web-based remittance payment system:
- Enabling anywhere pay-out option
- Notification via email and SMS to both sender and receiver
- Feedback notification to the agent
- API Service
- Designed focusing on Migrants
SWIFT
A secure method for transferring funds to send and receive funds from any corner of the world
Web-Based Fund Transfer System
Enables a fund-transferring system from anywhere in the world via Xpress Money, Money Gram, Sigue, Ez-Remit and SHIFT
SLIPS
It allows the faster and more secure transfer of funds facility within local bank accounts that allows the customers to do financial transactions at low cost and more efficiently
RTGS Fund Transfer
RTGS stands for Real-Time Gross System, it is a fund transfer system where the transfer of money or securities is done on a “real-time” and “gross” basis within local banks
Also Read: Things to Consider when Transferring Money Abroad
Steps Involved in BoC International Money Transfer
The following are the steps required for BoC International Money Transfer:
- Register for free, login online via your Facebook or Google account in the app
- Enter the amount that you wish to send and the app will show the transfer fee and the time period within which your money will be sent
- Add the bank details of the recipient
- You will be required to verify your identity for some currencies or when you are transferring a large amount. You will be required to show up with a photo ID. It is done to keep your money safe
- Pay for your transfer, send money for your bank transfer
- You can also track your transaction via the app
Documents Required for BoC International Money Transfer
The following are the documents required for BoC International Money Transfer:
- Bank of Ceylone account number
- Full Name of the recipient and the mobile number
- Name of the Recipient’s Bank
- Name of the branch of BoC
Also Read: Financial Management
BoC International Customer Services
Bank of Ceylon provides great international customer services to solve your banking problems:
- Online Banking Facilities
- Accounts Opening
- Loan Enquiries
- ATM Cards Issuing
Also Read: Bank of Baroda International Transfer
FAQs
Answer 1. The following are the steps required for BoC International Money Transfer:
Register for free, login online via your Facebook or Google account in the app
Enter the amount that you wish to send and the app will show the transfer fee and the time period within which your money will be sent
Add the bank details of the recipient
You will be required to verify your identity for some currencies or when you are transferring a large amount. You will be required to show up with a photo ID. It is done to keep your money safe
Pay for your transfer, send money for your bank transfer
You can also track your transaction via the app
Answer 2. The following are the documents required for BoC International Money Transfer:
Bank of Ceylone account number
Full Name of the recipient and the mobile number
Name of the Recipient’s Bank
Name of the branch of BoC
Answer 3. The full name of BoC bank is The Bank of Ceylon (BoC).
So, we hope that this blog has provided you with the relevant information on BoC International Money Transfer. Reach out to Fly. Finance for more finance-related information.
